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In 2015, India was the sixth largest spender on defence but this year, India overtook Russia and Saudi Arabia to become the 4th largest spender. India is expected to emerge as a key market for defence suppliers in the next three years.

29 Dec 2016

India second biggest arms purchaser worldwide

According to a new report, India is now the 2nd largest arms purchaser amongst all developing countries worldwide.

It is preceded only by Saudi Arabia.

The report was released by an independent and bipartisan research wing of the US Congress, Congressional Research Service (CRS).

CRS prepares reports on a wide variety of issues for lawmakers however they aren't considered official reports of US Congress.

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2008-2015

India's defence purchases

According to the CRS report, during the period of 2008 - 2015, Saudi Arabia was the largest arms purchaser in the world.

Its defence agreements amounted to a total of USD 93.5 billion.

During the same period, India's defence purchases cumulatively amounted to USD 34 billion, a distant second from Saudi Arabia.

India has been shoring up defence acquisitions to modernize its armed forces.

Russia has competition

India diversifies defence acquisitions

The CRS report shed light on India's key defence acquisition and its attempts to diversify.

India has principally procured arms from Russia but started to diversify a decade ago.

In 2004, it purchased Phalcon - an early warning system from Israel and signed a deal for six Scorpene submarines with France in 2005.